Question

    What is the maximum loan amount guaranteed under the

    Mutual Credit Guarantee Scheme (MCGS) for MSMEs?
    A ₹50 crore Correct Answer Incorrect Answer
    B ₹75 crore Correct Answer Incorrect Answer
    C ₹100 crore Correct Answer Incorrect Answer
    D ₹150 crore Correct Answer Incorrect Answer
    E ₹200 crore Correct Answer Incorrect Answer

    Solution

    Explanation: The MCGS provides a 60% guarantee for loans up to ₹100 crore to MSMEs for purchasing equipment and machinery.

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